SUBSEQUENT EVENTS |
12 Months Ended |
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Dec. 31, 2020 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS |
NOTE 17 — SUBSEQUENT EVENTS
At-the-Market Program
After December 31, 2020, and through the date of this filing, we issued 25.6 million shares of common stock under our at-the-market equity offering program for total proceeds of approximately $57.2 million, net of approximately $1.8 million in fees and commissions. As of February 9, 2021, we have remaining capacity under our at-the-market program to raise aggregate gross sales proceeds of approximately $274.9 million.
2018 Term Loan Repayment
After December 31, 2020, we voluntarily repaid approximately $43.0 million of the 2018 Term Loan outstanding principal utilizing the cash generated and held by Production Holdings. Exercises of Common Stock Purchase WarrantsAfter December 31, 2020, the holder of the Replacement and Third Amendment Warrants purchased approximately 6.0 million shares of our common stock for aggregate exercise price proceeds of approximately $8.2 million. We utilized the proceeds received to repay $5.6 million of the 2019 Term Loan outstanding principal.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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